Business News
Minister of Industry: Digital Transformation Increases the Competitiveness of the Manufacturing Industry
Indonesian Minister of Industry, Agus Gumiwang Kartasasmita, advocates for the integration of digital technology in the manufacturing sector to enhance competitiveness and sustainability. The adoption of Industry 4.0 principles is seen as pivotal, with potential positive impacts on financial outcomes, operational efficiency, and technological innovation. Highlighting the significance of manufacturing…
The Government Provides Tax Holidays for Business Actors in the Kendal KEK
The Secretariat General of the National Special Economic Zone Council (Sekjen Denas KEK) has extended a Tax Holiday incentive to businesses investing in the Kendal Special Economic Zone (KEK), entailing a reduction in Corporate Income Tax (PPh Badan). Presently, nine businesses, including PT Kawasan Industri Kendal and PT Masterkidz Indonesia,…
President Jokowi is Optimistic that Indonesia's Economy will Grow Well in 2024
President Joko Widodo expressed optimism for Indonesia's 2024 economic outlook at the 2024 Financial Services Industry Meeting in Jakarta on February 20, 2024. Citing positive indicators, he highlighted a 5.05% economic growth, controlled inflation at 2.57%, a USD 145 billion foreign exchange reserve, a trade surplus of USD 36 billion…
Manufacturing Industry Boosts National Export Performance
The Ministry of Industry (Kemenperin) underscores the continued prominence of the non-oil and gas processing industry as a key contributor to Indonesia's national export performance. Minister of Industry Agus Gumiwang Kartasasmita affirms the significance of the manufacturing sector, which consistently propels national economic growth through the export of various manufactured…
